Discussion in 'Economy' started by Toro, Nov 11, 2008.
What goes up, comes down.
I'm not prepared to blame any POTUS for controlling what happens to the stock marekt.
They play a part in the outcome, but they surely do not control all the factors that come into play in the market.
The market isn't a good indicator of how the people are doing, anyway.
More to do with timing than anything else. FDR had the benefit of taking over after the Hoover crashes so he started very low. Same with Clinton. Clinton inherited a recession and sat in office during the tech boom and was gone by the time that bubble popped during Bush's first term. Likewise, Reagan started out with a depressed market after the woeful 1970's, and an early 1980's deep recession then presided over steady growth the next six years.
Timing is everything.
That's a big part of it. Bush II took over when stocks were at their all-time highs in valuation. Obama is taking over when stocks look cheap. That's the main reason why stocks will do better under Obama than under Bush, which has nothing to do with either man.
i have to agree with toro here.
we'll probably see a nice gain in the market over the next 8 years. We needed this adjustment and will be better for it.
This site is retarted, since I have to have a post count of 15 before I can link another site
So make 15, it takes 30sec or less a post. You've only been a member.....for 1 MONTH!!!! I make 150 posts a month
That being said, do you have a comment on the graph I linked? It is a pretty telling piece of evidence of why we are in such a mess now. We had this great big phony economic boom, based on mortguage equity withdrawls spending.
retarted? that's just funny...
The first two years of the Obama Presidency was the best first two years of any President since FDR.
If this is Socialism, call me Comrade | Global Macro Monitor
This is NOT an endorsement of Obama's policies, or to say that the Democrats and Nancy Pelosi et. al. are good for the stock market. Rather, it is a refutation of conservative critics who said that things would be bad because of Obama's policies, at least for the stock market.
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